Austin Scott: “they have borrowed more money just from foreign governments alone, from foreign nations, more money than all of the…”

“they have borrowed more money just from foreign governments alone, from foreign nations, more money than all of the previous 42 Presidents and administrations. And I know that is shocking to the American people. But it is important. That alone is a glaring example of the outright mismanagement and the lack of fiscal responsibility that they put us in debt to that tune. Again, since 1789, the foundation of this country, all the way up to 2001, they borrowed more money in the last 5 years, $1.6 trillion. We only borrowed $1.3 trillion from 1789 from foreign countries to 2001. That is why we have to move with a responsible measure like this. On top of that, Mr. Chairman, finally, I want to say that, in addition to borrowing that money, they inherited a surplus of $5.6 trillion that was squandered in addition to the debt that was acquired.”